Dash: Gearing Up for Another Burst? In my experience, DASH serves as a leading indicator of altcoin markets generally. The reason for this, I believe, is that DASH has cultivated a solid community of interested participants, and the DASH team provides educational content. Dash is popular for being easy for the end-user both to understand and to use, and this is a challenge that many coins have not yet risen to meet. This is my theory for why Dash serves as a leading indicator of the larger altcoin market. A strongly supportive and relatively well-informed following will anticipate general and substantial market moves in a more timely manner than those without access to technologically and economically substantive, uniform content. Keep in mind that this only a theory, but if you bought some DASH a while back and held it, you're making that exponential money. This chart features lots of subjective Elliott Wave projections that are necessarily speculative and designed to show you different possibilities of wave formations and trajectories based on prior history. Note the pattern of higher highs, higher lows, and then lower lows. Hmmm... If that pattern is salient and reliable, might we expect the formation of higher highs after a significant lower low? Look at where the market is right now. Happy Hunting Everyone.
Burst
Ether - Bitcoin - bubble (Correlation)The Ethereum blockchain has been released in 2015 and is therefore still very new to the vast majority of the public. However, sharp rises in value recently have caused more and more news stations to pick up on this topic, publishing more and more articles about it. The consequence was that many could in fact see that there is a huge potential behind this technology and the projects based on it, yet, did not really understand how it in its core works or more basic, what it actually represents. This caused what some would call "dumb money" to be invested into cryptocurrencies and other blockchain tokens, pushing their prices even higher and causing more people to invest in them in a wave of excitement about blockchains and their seemingly unlimited possibilities. On the other hand, the last few bubbles were not too far in the past and therefore everyone knew that it was a bubble. The reason they still invested was simply that they thought the bubble was still at its beginning and not about to burst yet. Everyone, especially the "dumb money", was thinking they were being smarter than everyone else and saw themselves as the "smart money" (no-one likes to be seen as dumb) and in order to be the "smart money" they had to be out before the bubble would burst.
On Monday the 12th of June, immediately after the end of the Bancor ICO which raised ether worth roughly $153 million, this wave of excitement finally reached an end. Since, unfortunately, Bancor can neither use ether to pay any kind of employees nor use them to rent premises or something like that which leaves them no other choice than selling at least some parts of their ether holdings in order to ensure that they will be able to cover their expenses. The drop briefly broke the excitement and caused more people to sell their holdings, yet, the price mostly recovered after the news leaked out that the ICO raised about $153 million in just a few hours, recreating the believe that there is still more upside potential. Though, what the actual "smart money" realised at this point or already had realised before was that due to the increasing amount of money flowing into ICO's (e.g. EOS), even bigger amounts of ether will be sold at one time and, thus, after a certain amount of time, entirely breaking the current excitement and causing the bubble to finally burst. Additionally, almost simultaneously, there appeared some fake news about Ethereum's co-founders Vitalik Buterin, having died in a car accident, making prices drop even more.
On Sunday the 17th of July, just after the price hitted its low at $137, it seemed for many investors low enough to get back in the game and buy some ether. Also, now that the bubble seems to be gone, investors are again considering ether as an investment with "guaranteed returns". However, all the news which created this abnormal excitement around the blockchain blockchain have been leaked now, meaning that there is nothing to get excited about anymore which is why we are still in a bear market with ethereum and other cryptocurrencies.
As the chart above shows, there is a significant correlation between the current ether price chart and the bitcoin bubble in 2013/2014 which is only logical since the situations in both cases are quite similar:
1. A huge wave of news, causing more and more people to get excited.
2. Excitement breaks (no "new" news, "smart money getting out", ...)
3. Price is now low enough for investor to get back in.
4. No new excitement is created: slow depreciation in value.
Trading:
Since the price is likely to keep rising for the next couple of days, I suggest now to buy some ether and to set your take profit at the resistance level at $316.
Burst - 1h Chart - July 4fractal progression + elliott impulse wave 12345 + elliott corrective wave ABC + RSI
BURST goes highjust wait few days and buy. there are possible ways. volume supports and everyhing seems ok.
BURST possibilitiesfractal progression + Fibonacci wedge + elliot impulse wave + cypher pattern
if hits the support on 503, may estabilize around 380. Next days will define the trend line (up or down). Them we wait for the next 12345 wave.
BURST - Huge risk / reward ratio 4+ - Bull wave 3 may be coming!Background story...
- BURST hit an all time high on Friday at 0.000009ish
- Over the weekend it crashed pretty hard all the way down to 0.0000065ish at the lowest
- Right now at 0.00000710, if this bounces back to the all time high or above, you'll see a 30% gain
- BURST is being launched on BitSler tomorrow (gambling platform) so some news may come from this
Why am I bullish here?
1. inv head and shoulds on daily (Target = 1750)
2. Might be wave 3 which means even more upside if confirms
3. Strong bullish divergence on shorter time frames (1-Hour etc)
4. Has bounced near support
Stop Loss Target: 0.0000065
Sell Target: 0.000009ish (last all time high)
Trade at your own risk here.
Just my analysis of this coin but the risk/reward ratio with the stop sell in place is massive.
BURST - Incoming bullrun coming! Short term MACD is BULLISH!TLDR: Buy low, sell high -- trending upward movement incoming!
The 30-minute MACD trend for BURST seems to be turning to BULLISH. INCOMING run could be be coming -- back to last highs from yesterday or we could see a full run towards 0.0001 & beyond. Trade wisely!
This is a coin that has seen large momentum lately and volume is increasing. The floor seems to have reached support for today and with a small market cap this coin could go up and fast. Right now is an opportunity to buy before it tests it's all time highs and potentially beyond.
Trade wisely!
Buy BurstThis coin has been undervalued for quite some time (2 cents), and people are looking for just about anything to buy that is not ETH.
I don't see how you could go wrong at this moment in time. This one is a buy and hold. Easily will double.
TA: The triangle says it all. The runway is clear.
NEW PRICE TARGET: 0.00002400
BURST Bull Flag June 9Burst looking prime for a pump, bull flag forming on the 4H, MACD flipping to green volume decreasing since the pump. Looking for a breakout in the coming days. Long
BURST PUMPSurprise from POLONIEX:BURSTBTC ! Reached 800 sat 1st target, waiting for 1000 sats and more.
BURST long Just bought some burst! these patterns are showing up everywhere and work well in my experience.
Still Further for $LTC $BTC $ETH to Fall?Hard to say whether LTC/BTC/ETH are continuing to drop or if they are rebounding at the moment. One thing for certain is that these currencies are linked on the exchanges. When one goes up, they all go up, when one goes down, they all go down.
We might sink a bit more before recovering to the mean: ghoffarth.wordpress.com
still HODLing a-long and collecting more coins at the dips--buying all the way down and holding long term :)
tipping jars:
ETH: 0xAA33bAe03131f3aa36e1de3e4bD53583c41F8d64
LTC: LeMkJv1Xoxnt2YvRgKkNZZJRgZYgGzcSyv
BTC: 1CWDM7dYLoBwJyf2kbGANAmuySwFWC2NZu
Official theme-song for Litecoin:
www.youtube.com
Theme-song for $CRYPTO in general: www.youtube.com
A cup before to stratosphere with BURSTA "cup and handle" in and trespassing the level Fibonacci, confirms the high chance to reach T1 and T2. The volume turn strong this analisys. Good luck for us!!!
BURST: the only way is UP!Waiting for a pump... First targets at 130 (100% FIB), after we reached 116 (78% FIB).
If you are not IN, try to buy at 80 (38% FIB) or 70 (23% FIB).
Burst - start of uptrendThere is potential here for a good risk to reward trade.
Things to bear in mind:
Best to bear in mind that this uptrend could drop suddenly if bitcoin resumes a healthy uptrend. However this could take a couple of weeks.
Some of these alts have really low volume so be careful buying as big orders will go right through the order book
Good luck everyone!
Mark
BURST possible recovery? BURSTBTCBurst is below the average price of an altcoin.
The market has tapped a support level. When Bitcoin drops in value temporarily all the altcoins will shoot up hard again. Right now is the time to load up on altcoins. Buy & hold (for months) and watch yourself get 5x profit or more. The idea is to load up on alts right when BTC hits resistance.